Gloomy Economic Outlook Weighed on Financial Markets

Financial markets declined on Monday amidst concerns over global economic outlook, especially developments in the Eurozone. Investors' worries were aggravated by policymakers' comments at the IMF meeting over the weekend. Carrying forward weakness in the Wall Street last Friday, Asian shares were pressured to the lowest levels in 7 months while crude oil futures continued to hover around 4-year lows.

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Gloomy Economic Outlook Weighed on Financial Markets